Velvet price trends
Very positive comments from the main players on how the velvet season has started, with early sales attracting strong competition and indications that prices could be up by 3.5% on last year.
Both main companies are offering fixed price contracts and they report they have been well supported. With such a mild winter there is some suggestion the production season could be a bit earlier, and graders are pleased heads are being harvested in well rounded form.
Demand is strong for all forms of short velvet and it has been suggested that increased numbers of young animals product would be welcomed by the processors. NZ velvet now the most expensive in the global market surpassing Russian heads, as buyers as now paying a premium for our product grown under our strict quality systems.
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